LTI selects Temenos to launch digital banking platform in Nordic market
NEW DELHI: Larsen & Toubro Infotech (LTI) has partnered with Temenos, the banking software company, to launch Digital Banking Platform, powered by Temenos technology. The platform will modernize legacy core banking systems in the Nordic region, enabling financial institutions to be more agile and scalable while reducing operating costs. Banks will also be able to […]
RapiPay launches AePS and Micro ATM services
NEW DELHI: With an endeavour to drive financial inclusion deeper into the country, RapiPay Fintech Private Limited recently launched a nationwide offer that gives the highest ever commission on AePS services for its agents – RapiPay Saathis. The offer is applicable till Mid-January ’21. The RapiPay Aadhaar-enabled payment system empowers all segments of the society […]
Garden Reach Shipbuilders and Engineers laid keel of 2nd Survey Vessel in Chennai
NEW DELHI:Garden Reach Shipbuilders and Engineers Ltd., (GRSE) said that it has laid the keel of the 2nd Survey Vessel (Large) (Yard 3026) at Chennai’s Kattupalli. The Virtual Keel Laying ceremony was performed in the august presence of Vice Admiral Vinay Badhwar AVSM, NM, Chief Hydrographer to the Govt. of India. The ceremony was also […]
TVS Motor total sales rise 21 per cent to 3,22,709 units in November
NEW DELHI: TVS Motor Company on Tuesday reported a 21 per cent surge in total sales to 3,22,709 units in November. The company had sold a total of 2,66,582 units in November last year, TVS Motor Co said in a statement. Last month, the total two-wheeler sales grew 25 per cent to 3,11,519 units as […]
India’s manufacturing PMI slips to 3-month low in November
NEW DELHI: India’s manufacturing sector activity lost momentum and fell to a three-month low in November amid slower increases in factory orders, exports and buying levels, a monthly survey said on Tuesday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 58.9 in October to a three-month low of 56.3 in […]
Maruti Suzuki sales increase 1.7 per cent to 1,53,223 units in November
NEW DELHI: The country’s largest carmaker Maruti Suzuki India (MSI) on Tuesday reported a 1.7 per cent increase in sales to 1,53,223 units in November. The company had sold 1,50,630 units in November last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales increased marginally to 1,44,219 units last month as against 1,43,686 […]
Bajaj Auto sales rise 5 per cent to 4,22,240 units in November
NEW DELHI: Bajaj Auto on Tuesday reported a 5 per cent increase in total sales to 4,22,240 units in November this year. The company had sold 4,03,223 units in the same month a year ago. Domestic sales in November this year stood at 1,98,933 units as against 2,07,775 units, a decline of 4 per cent, […]
CPI-M leader moves Supreme Court challenging MHA order on land purchase
NEW DELHI: Veteran CPI-M leader Mohammed Yusuf Tarigami has approached the Supreme Court challenging an October order of the Union Home Ministry which allows people from across the country to buy land including that meant for agriculture purpose. Moving a writ petition, he sought the apex court’s intervention and a stay on the order till […]
ADB approves $430 million to help rehabilitate power distribution networks in Uttar Pradesh
NEW DELHI: The Asian Development Bank (ADB) has approved a $430 million multitranche financing facility (MFF) to improve the quality and reliability of electricity supply in Uttar Pradesh in India. The Uttar Pradesh Power Distribution Network Rehabilitation Project will improve the efficiency and sustainability of power supply in Uttar Pradesh. The project will finance the […]
ADB, India sign $132.8 million loan to strengthen Meghalaya’s power distribution Sector
NEW DELHI: The Asian Development Bank (ADB) and the Government of India today signed a $132.8 million loan to strengthen and modernize the distribution network and improve the quality of power supplied to households, industries, and businesses in India’s northeastern state of Meghalaya. The signatories to the Meghalaya Power Distribution Sector Improvement Project were Dr. […]
About Rs 1.04 lakh crore GST revenue collected in November
NEW DELHI: The gross GST revenue collected in the month of November, 2020 is Rs 1,04,963 crore of which CGST is Rs 19,189 crore, SGST is Rs 25,540 crore, IGST is Rs 51,992 crore (including Rs 22,078 crore collected on import of goods) and Cess is Rs 8,242 crore (including Rs 809 crore collected on […]
Mirae Asset wins U.S. lawsuit against China’s Anbang on scrapped $5.8 billion hotel deal
By Joyce Lee SEOUL:South Korean investment bank Mirae Asset Daewoo Co Ltd and affiliates won a U.S. court case against Anbang Insurance Group, a court document showed, after Mirae scrapped a $5.8 billion deal after the start of the pandemic to buy 15 U.S. hotels from Anbang. The case in Delaware, where many companies are […]
UK government backs London Crossrail project with extra £825 million
LONDON: The British government said on Tuesday it would provide Transport for London, the capital’s public transport operator, with a grant worth 825 million pounds ($1.10 billion) to help it pay for the completion of the city’s Crossrail project. The opening of Crossrail, which runs east to west connecting London’s Canary Wharf financial district with […]
Pfizer-BioNTech seek EU emergency approval for COVID-19 vaccine, target December rollout
By Ludwig Burger FRANKFURT: Pfizer Inc and BioNTech’s COVID-19 vaccine could be rolled out in Europe this month, the companies said on Tuesday after they applied for EU emergency approval for the shot. The application to the European Medicines Agency (EMA) comes days after the companies applied for emergency use of their vaccine in the […]
AstraZeneca sells former blockbuster cholesterol drug for $320 million
By Aakash B AstraZeneca said on Tuesday it would sell rights to its erstwhile blockbuster cholesterol drug, Crestor, to German pharmaceutical company Gruenenthal GmbH for an upfront payment of $320 million as the British drugmaker focuses on its cancer treatments portfolio. Crestor, which brought in revenue of over $5 billion for AstraZeneca in 2015, was […]
List of farmers’ demands not just limited to farm laws
NEW DELHI: The farmers protesting along the borders of the national capital are not just demanding withdrawal of the new agricultural laws implemented by the Central government but also relaxations over penalties associated with stubble burning, including others. The farmers also want withdrawal of the Electricity Bill Amendment Bill 2020. Though the list of the […]